The pace of economic growth keeps slowing down in most major economies

The OECD’s indicators point to slowing growth in Canada, the U.S., Japan the UK and the euro area.

The Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs) continue to point to a slowing growth momentum in most major economies. The CLIs are designed to anticipate turning points in economic activity relative to trend six to nine months ahead.

The OECD says easing growth momentum remains the assessment for the United States, Japan, Canada, the United Kingdom and the euro area as a whole, including Germany and Italy.

On the other hand, the CLI for France now anticipates stable growth momentum, driven by improvements in consumer confidence, car registrations and share prices.

Among major emerging economies, stable growth momentum is now the assessment for the industrial sector in China, reflecting more positive signals from the chemicals and construction sectors and from share prices, and remains the assessment for India, with similar signs emerging in Russia.

In Brazil, the CLI continues to point to growth gaining momentum.